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Cable One, Inc. (CABO)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Business Services  308.8234.7204.5156.0131.1100.0  
    Product and Service, Other  74.140.637.538.936.38.5  
    Fees Imposed by Various Governmental Authorities Passed Through to Customer  31.425.222.716.115.714.2  
    Advertising       27.5  
    Other  1,191.51,024.8903.2861.4776.9669.1  
Total revenues  1,605.81,325.21,168.01,072.3960.0819.3807.3814.8
            Revenue growth   [+]21.2%13.5%8.9%11.7%17.2%1.5%-0.9%-1.3%
Cost of goods sold  455.4418.7388.6370.3337.0296.6320.5328.0
Gross profit  1,150.5906.5779.4702.0622.9522.8486.7486.8
            Gross margin  71.6%68.4%66.7%65.5%64.9%63.8%60.3%59.7%
Selling, general and administrative  347.1255.2245.1222.2204.4185.0193.7188.9
Equity in earnings  0.51.4      
Other operating expenses        -15.7 
EBITDA   [+]803.9652.7534.3479.8418.5337.8308.7298.0
            EBITDA margin  50.1%49.3%45.7%44.7%43.6%41.2%38.2%36.6%
Depreciation  264.4220.2197.5186.0173.6147.7144.4134.0
EBITA  539.5432.6336.8293.8244.9190.0164.3164.0
            EBITA margin  33.6%32.6%28.8%27.4%25.5%23.2%20.4%20.1%
Amortization of intangibles  74.645.519.211.78.00.10.10.2
EBIT   [+]464.9387.1317.6282.1236.9189.9164.2163.8
            EBIT margin  28.9%29.2%27.2%26.3%24.7%23.2%20.3%20.1%
Non-recurring items   [+]7.8-83.67.214.20.62.80.6 
Interest expense  113.473.671.760.446.930.216.1 
Other income (expense), net  -6.5-17.8-4.94.50.75.1-0.274.2
Pre-tax income  337.1379.3233.8212.0190.1162.0147.3238.0
Income taxes  45.876.355.247.2-45.061.755.490.7
            Tax rate  13.6%20.1%23.6%22.3% 38.1%37.6%38.1%
Net income  291.8304.4178.6164.8235.2100.391.8147.3
            Net margin  18.2%23.0%15.3%15.4%24.5%12.2%11.4%18.1%
   
Basic EPS   [+]$48.49$51.73$31.45$28.98$41.40$17.47$15.69$25.21
Diluted EPS   [+]$45.69$51.27$31.12$28.77$40.92$17.38$15.67$25.21
   
Dividends per share   [+]$10.50$9.61$8.55$7.54$6.55$6.00$1.50 
   
Shares outstanding (basic)   [+]6.05.95.75.75.75.75.95.8
Shares outstanding (diluted)   [+]6.45.95.75.75.75.85.95.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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